Give social security it's walking papers

reply to post by mysterioustranger


I want a choice to take my money back now and not contribute.....it should no be mandatory.

What is so hard to understand about that? It' called freedom....check it out it's a great thing. If people want to stay in the system fine, that doesn't mean everyone should have to.

not my fault - FDR failed to take the ball across the goal line.
SS or oasd should be in a locked account - never touched by idiot politicians for their own greed or nefarious purposes.

it never made it into the locked box account which has no business being kontroled by CONgress.
it should be subject to private auditing on any given moment of any given day.
so - do NOT speak of OASD as some entitlement.

FDR failed to make it anything other than another tax.
i have paid into it all my life and have never appreciated it - i had a hard enough time saving 6% of take home - which later was stolen by my CEO visavis insider trading - i have out of pocket put 3 of my kids through college and have managed to accumulate another fair amount in my 401 - now the current administration wants to go in and take that.

if you blame anyone - blame the house of lies and illusion - formerly known as the 'white house'.

further if you are a troll and wish to get some info back to yer boss - i am willing to be bought out for a cheap $750,000.
let me know - thanks.

BTW - checkout Para - a gubberment funded oasd - which my sister has - allowed her to buy (that's right - buy) 5 years and she is only 60 - i think 58 at the time she retired - gee Social-in-Security - doncha think i should be allowed to buy 5 years.
let me know.
thanks

If they eliminate the cap on the social security tax and make the uber-rich pay what they should...no problem with social security. After $110K, you pay no social security tax...so all the rich pay SS tax on only $110K anything above that..no tax. Does that make any sense? Of course not, it's just another government subsidy for the rich.

reply to post by HUMBLEONE


You still don't get it? If you don't put it in you don't get it back...it is not for collective use.

The rich are not getting away with anything, they will still only get back according to what they put in.

WOW! Why is that so hard to understand?

Wait! The Rich are collecting SS because they put into right?
That means if you put into it you should get it back right?

I'm 56 years old and I've been putting in since I was 13 years old.
I expect NOTHING back because their won't be anything in 10 years.

I'll work until I die or live off my investments.

Let's let rich people keep helping break the bank. Great idea.

Let's see. Let's forcefully take money away from a self sufficient citizen, inject it into an inefficient bureaucracy where costs skyrocket, in order to give it(minus all the administrative funds unnecessarily lost) to another self sufficient citizen.
Makes sense.
And, oh yeah, 80% of Americans get screwed on it. And it epitomizes unsustainability.

Why are people convinced society needs this stupidity?

reply to post by HUMBLEONE


The "uber rich" are leaving the country. It's not just because of fair taxation. Most of the millionaires that are cashing in are young people. Unpatriotic, or sick and #ing tired of not being represented in government? Sick of being robbed? You decide!

Originally posted by neo96
reply to post by ErEhWoN

 

Wanna know where that 401k is invested?

Same place those SS funds are.

The devil you know is the devil you want personally I'd rather not have to beg for money I paid in to.

edit on 7-10-2012 by neo96 because: (no reason given)

You are correct to a degree, except social security only invests in government bonds while 401k's have corporate bonds and equities available as well. The point is there is nothing wrong in how social security invests it's funds.

It seems the more uniformed people are the more they rally. 95% of the people here have no idea how SS works. No one stole the money. The reason the program is having issues is that people live much longer then expected when the program was put into place. To fix it we simply have to raise the reirement age to a more reasonable level or increase the amount of income subject to the tax. Any increase can be formulated so additional dollars beyond the current cap are taxed less heavily than the current rate.

S.S. is so easy to fix it is laughable. It is a political talking point rather than an emergency for our nation and most everyone here has fallen into the trap. Social Security has always bought government bonds with the balances in the fund. There was never a point in time where the social security fund was "raided". Less treasuries may have been sold to the public then might have been neccesary without S.S (SS bought them instead), but that is a different issue. The only change was to bring the books of Social security onto the goverment books rather than operating it off balance sheet. SS didn't change because of this, only the way it reported.

Originally posted by AnarchysAngel
reply to post by HUMBLEONE

 

The "uber rich" are leaving the country. It's not just because of fair taxation. Most of the millionaires that are cashing in are young people. Unpatriotic, or sick and #ing tired of not being represented in government? Sick of being robbed? You decide!

They are actually the greedy that are leaving. I for one am glad to see them go. they will be surprised at how less forgiving these other countries are to their type of conduct.

opt out!
If only...

Those of you in this topic who are defending SS by declaring us all as selfish people need to take a step back.

How can you expect others to pay in when they KNOW they will not see a penny of it for themselves at a later date?


SS was meant as an emergency fund in case a person could not make it to retirement age, with an assistance at retirement if he did.
However Americans all redefined it for themselves as being a piggy bank that we can crack over their heads at a certain age. and didnt prepare 1 bit for themselves.

I take offense to current retirees who spent their lives playing and spending, not saving or preparing a thing. yet they act so entitled now...
The following generations grew up in eras where we cannot own homes, cannot save money, cannot vacation, cannot send children to collage. We have already accepted that we may not be able to ever retire, and we have accepted already that there will be no SS for us.
I consider elders to be LUCKY, yes i said it... and im sure it will piss people off. but they had far better means for preparing themselves for retirement then we ever will. yet they intended on living off SS for some reason.

Originally posted by liveandlearn
I haven't read all reply's since my last post but I want to add that the gov doesn't just take your money and let it sit there as many suppose. They invest it in the stock market. They are lying to you/us about this SS problem.

This is a large site and I no longer know the exact spot to find the information but there have also been threads on ATS that can lead you to this information. If we don't have the money to pay for SS or Medicare, it is because their investments went awry, they put it into something we aren't told about (black ops), or whatever.

original site info

ATS link and 2 hour video

Anyone who takes the time to view this and do a little research...it will blow you away. The money is, or was there.

SS funds are not invested in the stock market! They are held in Treasuries earning 3.9% on average at the moment. Just google social security investments and follow the links to the SSA site. It is all right there and thus ther eis no reason for everyone to saty so uninformed.

reply to post by sligtlyskeptical


Did you ask them why they left? If a moviestar leaves the premiere entertainment center of the world Hollywood, then how does that benenfit their ability to make money? It's much more difficult to find a job elsewhere.

The only reason Trump is still here is because he wants his SS. Same with the other old guys that aren't leaving. Are you sure they aren't the greedy ones?

Originally posted by Bisman
opt out!
If only...

Those of you in this topic who are defending SS by declaring us all as selfish people need to take a step back.

How can you expect others to pay in when they KNOW they will not see a penny of it for themselves at a later date?


SS was meant as an emergency fund in case a person could not make it to retirement age, with an assistance at retirement if he did.
However Americans all redefined it for themselves as being a piggy bank that we can crack over their heads at a certain age. and didnt prepare 1 bit for themselves.

I take offense to current retirees who spent their lives playing and spending, not saving or preparing a thing. yet they act so entitled now...
The following generations grew up in eras where we cannot own homes, cannot save money, cannot vacation, cannot send children to collage. We have already accepted that we may not be able to ever retire, and we have accepted already that there will be no SS for us.
I consider elders to be LUCKY, yes i said it... and im sure it will piss people off. but they had far better means for preparing themselves for retirement then we ever will. yet they intended on living off SS for some reason.

edit on 8-10-2012 by Bisman because: (no reason given)

Social security is not going to go away. people ahve been yelling for decades how the end of social is nigh and guess what? It is still here!

How about increasing wages for the working man? That would do much to improve social security payments. When 20% of the population is unemployed and not paying in. of course we are going to have a problem.

reply to post by sligtlyskeptical


And haw can you employ more people if you raise the wages?

How about we ask the union workers to lower their wages a little to be in line with the taxpayers who pay their salaries?

The government won't let people opt out because they are banking on a lot of people dying and not getting their money, so they can fund the rest that they over promised. Ask yourself why the govt doesn't give your rad earned money they took to your heirs if you die early?

Originally posted by AnarchysAngel
"You pay into that son"

I'm tired of paying for the retirement of baby boomers. My generation will never see that money. Half of you that are collecting it don't even need it. We won't retire until we're 70, according to the experts. Stop taking it. If it's being taken with no reliable plan to give it back, to finance our retirement, then stop taking it. It's unfair taxation. We may be able to get by with privatized retirement plans, but that doesn't make it right.

Stop beating a dead horse, and admit you messed up what was a nice idea.

Or maybe young people should actually grow some damn balls and start standing up for their rights and start demanding that there be enough available jobs and that pay decent wages, so that the SS fund will be loaded with money and there will be no problem for you to collect when you turn 70.

But hey, what's with using logic anymore? It's easier to just bitch and complain and have it "taken away". That's what you call a brainwashed and defeatist attitude. The exact mental state that the powers that be, the elite 1%, want you to have.

Grow some balls.

There should have been a termination trigger built into the law. All laws that employ social engineering should have termination triggers. There will always be unforeseen circumstances, unintended consequences, society-wide core-value shifts never anticipated, and technology advances that renovate the culture.

Paul Ryan has a plan to revamp SS as does the Tea Party, which is why I support them. It would give you a choice to participate or not.

That's how I am changing things.

reply to post by AnarchysAngel


I want to opt out of social security.... heck i would opt out of everything if i had my way

I remember the day my life was crushed. I told my father how i was going to bust my butt and buy some land then just live there in a tent and do whatever i wanted. He laughed really hard while i was going on and on about how i was going to live and what i was going to do and how free i was. Then i asked him why he was laughing.. and he said even if you buy your land in cash you still need to pay property taxes every year.....

I just stated if that is the case then there i really no way to be free and he said "exactly"

reply to post by AnarchysAngel


You really think they read letters from their constituents? Their decisions are based upon party lines and corporate influence. Your fooling yourself if you think these elected officials have your best interest at heart. These same officials robbed (embezzled) funds from the social security program to pay for their irresponsible spending habits. The same people who want to increase the retirement age to 70 are the same people who have caused the program to have insufficient funds.

Your going to take care of your grandparents? Do you have any idea the cost of long term care for the elderly costs? Say goodbye to your inheritance and your parents house, because once the government squeezes every last cent out of them, they'll be knocking on your door for the rest, unless medicare and social security is still around. Most people and the elderly can't afford paying $375.00 a month for long term care insurance, let alone $3,500 a month for a nursing home.

Believe me, I'm experiencing it right now.